Steps to Become a Successful Miami Private Art Collector

You love art, and you live in one of the most diverse cities in the world, Miami. Miami, Florida is a melting pot that is packed with different cultures and various art types. You want to become a private art collector but aren’t sure how. This article will go over the basics steps to ensure you are a success at your newest foray into the art collecting world.

1. Set up a Storage Space
The first step before you even being to look for art is to establish a proper storage space. If you don’t have an area set up, you could easily get stuck with pieces that are difficult to transport and no way to store them. Any damage will cause the price to fall dramatically. When you choose a space, decide if you’re going to focus on large or small pieces, and their fragility. Once you have this decided, find and purchase a storage space.

2. Set a Cap on Your Minimum and Maximum Costs
You will have to decide how much you’re willing to invest in this venture. This isn’t a business to look for discounts from anyone, as you usually won’t get them even if you ask. Look at your budget and decide what year, style, and the price point is your cutoff. This will help narrow your search.

3. Visit Galleries and Network
Visit many galleries to get your name out there. Your goal is to be on friendly terms with curators, artists, and gallery owners. If you see something you like, contact the artist to set up a meeting.

4. Throw Your Own Gallery Party
After you’ve networked and talked to artists, ask to feature some of their pieces alongside pieces you’ve collected. Once you’ve come to an agreement with the artists, throw your gallery party to showcase their work, along with your investments. This will get your name out and expand your network.

Becoming a private art collector in Miami isn’t a hard thing to do. It just takes time, patience, and networking skills. If you apply these, soon you’ll be collecting art just like Lindemann Jr., Neil Patrick Harris, Leonardo DiCaprio, David Beckham, and Jay-Z. If you have these qualities, you have a great chance of being successful in this venture.